Volvo set sales and profit records in 2024 but faces 2025 challenges like tariffs and competition.

Volvo Cars achieved record sales and profits in 2024, selling 763,389 cars and earning SEK 400.2 billion in revenue. Despite these achievements, the company anticipates challenges in 2025 due to market conditions and increased competition, particularly from China. Volvo is considering relocating production and suppliers to mitigate U.S. tariffs and plans to launch five new or refreshed models this year.

2 months ago
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